New York A04620 expands the tax exemption for new farm buildings to include those used for on-farm retail sales.

New York A04620 amends the real property tax law to expand the tax exemption for new farm buildings. The exemption now includes buildings used for on-farm retail sales, alongside other structures used for agricultural and horticultural production, employee housing, and horse training. This change aims to support farmers by reducing their tax burden on essential farm infrastructure. The amendment takes effect one year after becoming law, applying to assessment rolls for taxable status dates occurring after that period.

New York A04620 expands the tax exemption for new farm buildings to include those used for on-farm retail sales.

New York A04620 amends the real property tax law to expand the tax exemption for new farm buildings. The exemption now includes buildings used for on-farm retail sales, alongside other structures used for agricultural and horticultural production, employee housing, and horse training. This change aims to support farmers by reducing their tax burden on essential farm infrastructure. The amendment takes effect one year after becoming law, applying to assessment rolls for taxable status dates occurring after that period.